Why Dana Stock Is Down Today

Autoparts manufacturer Dana (NYSE: DAN) fell well-short of expectations in the fourth quarter and warned that 2023 will be a lot worse than analysts had expected. Dana lost $0.10 per share in Q4, significantly underperforming Wall Street’s $0.26 per-share profit expectation, though revenue at $2.56 billion was slightly ahead of consensus. Absent the one-time shift, Dana said it would have earned adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $176 million, an increase over the $118 million for the same period in 2021.

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